The market-wide sell-off that saw Bitcoin's price drop below $60,000 has brought about double-digit losses for most token holders as FUD spreads. Toncoin's price was not spared, especially after a series of developments that saw TON register a devastating drop of over 20.2% in 30 days.
Toncoin's price has surged nearly 13% over the last week, signaling a potential bearish trajectory for TON. While the last month has brought TON holders losses of 20.2% following the arrest of Telegram's founder and CEO Pavel Durov, analysts are optimistic of a rebound.
Raboo, on the other hand, is the latest AI meme coin to captivate investors after expert analysts forecast a 100x rally for Raboo's $RABT at the end of its ongoing presale. RABT is emerging as a ticket to the future of memes thanks to a community-centric approach that has so far raised over $2.4 million.
Toncoin's price surges as experts forecast a rebound
The recent market-wide sell-off, which saw Bitcoin's price drop below $60,000, has resulted in double-digit losses for most token holders as FUD spreads. Toncoin's price was not spared, especially after a series of developments that saw TON register a devastating drop of over 20.2% in 30 days.
Given that TON was launched as the open network of the Telegram messaging app ecosystem, FUD concerning the outcome of the founder's arrest saw TON's price dip around 35% from its all-time high of $8.24 as investors sought a safe haven.
TON's daily trading volume is also quite volatile, dropping as sharply as 12% on some days. However, Toncoin has managed to establish support levels, and a recovery is in the cards, according to analysts.
Raboo's RABT raises over $2.4 million as presale enters Stage 5
Raboo's AI meme coin is the latest hot topic in the crypto market after $RABT's value soared 90% from a presale entry price of $0.003 to its current price of $0.0057. Raboo is cultivating a community of like-minded meme culture enthusiasts through its Social-Fi and Artificial Intelligence elements.
With Raboo, token holders get to compete in fun-filled meme-generating activities while earning rewards and prizes. There are also rewards for users who engage with the ecosystem. Simply put, Raboo is on track to lead the emerging generative AI industry valued at over $196.63 billion.
With only 1.134M of the total 1.8 billion $RABT up for grabs during Raboo's ongoing presale, early bird investors have already raised over $2.4 million, further adding to the hype for newcomers.
Conclusion
Toncoin's price is set to rebound after suffering from the ongoing legal battles faced by Telegram's founder and CEO. While it remains to be seen whether TON will have a bullish resurgence, Raboo's AI meme coin is gaining steam as analysts predict a 100x rally on launch day. So hop on over today and start earning!
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
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